Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»‘Immortal’ chess app suspends play-to-earnings after cheating
EXCHANGE NEWS

‘Immortal’ chess app suspends play-to-earnings after cheating

By Crypto FlexsDecember 18, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
‘Immortal’ chess app suspends play-to-earnings after cheating
Share
Facebook Twitter LinkedIn Pinterest Email

Immortal, a chess app that lets you make money from playing the game, has been shut down due to serious misconduct. The platform has closed the curtain on financialized cryptocurrency functions.

So far, the app has been rewarding users with CheckMate (CMT) tokens for playing. The free online chess platform has also hosted a chess NFT marketplace. One of these NFTs was worth a whopping $14,300.

Immortality has become one of the most recognizable. P2E Cryptocurrency Games From the beginning. The platform made headlines after raising $15.5 million in a Series A round. Chernin Group held a fundraising round in September 2022.

As expected, news of Immortal’s discontinuation discouraged players and investors. Designed using Immutable X’s L2 scaling technology, Immortal aimed to provide advanced services.

While the platform is shutting down its rewards system, it will continue to use Web3 technology for community engagement and anti-cheat measures. P2E games are gaining attention in the market. However, the industry faces several obstacles, with fraud being the most recent problem.

The game developer has released an official announcement to inform users about the development. The team decided to continue building Immortal as an online chess hub. They may even integrate more decentralized technologies into their platforms.

Developers say offering cash without a barrier to entry encourages fraud on the platform. It harms the user experience of real players who adopt a fair approach. The unintended consequences of compensation have certainly led to unfair practices.

Starting this week, Immortal’s NFT marketplace will be discontinued. Players will also lose their P2E CMT in-game NFTs. No rewards are given for winning tournaments on the platform.

To date, the trading volume for Immortal NFTs is over $885,000. Similarly, the market cap of CMT token is $360. Therefore, this unfortunate news is expected to be a huge blow to the online chess community.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025
Most Popular

NFTs and Crypto Inheritance: Protect Your Digital Legacy | Vault12

September 11, 2024

Best cryptocurrencies to watch this week: SOL, BONK, FTM

May 19, 2024

The ZA miners cloud mining platforms surge 8 million users. Doge investors are focusing on rewards every day.

April 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.